Category Archives: Economics

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Oh the poor little lambs who don’t want to return to the office!

During the COVID-19 panicdemic — no, that’s not a typographical error, but is spelled exactly the way I see it — employees who could work from home were told to do so. As it happened, my younger daughter, an IT/communications professional, worked from our farm. Fortunately, I had already installed an outdoor electric receptacle on the screened-in porch, and she did a lot of her work there.

A cup of raktajino — Klingon coffee — in a mug celebrating my status as a descendant of white, Christian, settler colonialists to start the morning.

And she was quite honest about the whole thing: she was just not as productive working at our home. With cats and dogs and chickens, with fine Kentucky spring and summer weather, there were simply too many distractions.

And it’s good for the employees as well . . . as long as they are not Jeffrey Toobin. A cup of coffee in the morning costs me 50¢, not $4.50 at Starbucks.

Logically, if most employees were as productive working from home as they are at the office, employers would love that. Having employees working at home means that employers could maintain smaller offices, have smaller parking lots, reduced janitorial services, reduced office ‘perks’ expenses, just a whole host of things. It only makes sense to require people who could work from home to come into the office if productivity is a real issue.

From The Wall Street Journal:

Meet the People Who Refused to Go Back to the Office and Lost Their Jobs

These people are coming to terms with the fact that they might never work from home again

by Callum Borchers | Wednesday, December 11, 2024 | 9:00 PM EST

If you’re reading this from your home office, it’s time to consider whether you’re prepared to lose your job over a return-to-office mandate. Continue reading →

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Sometimes you just have to be an [insert slang term for the rectum here] to do things right More work for Elon Musk and the Department of Government Efficiency

Does $3,000,000,000 for 93 postal delivery trucks sound like a lot?

One reason I prefer newspapers to other forms of the credentialed media is that newspapers can, and do, provide readers with some detailed, deeply investigative stories, something that television news just doesn’t do well. Fox News or CNN or MSNBC aren’t going to do the kind of deep digging that Washington Post reporter Jacob Bogage has done. According to the story, Mr Bogage has covered the United States Postal Service since 2020 and reviewed more than 20,000 pages of internal agency and company records for his latest story. Heck, I can’t even imagine CBS News retaining a reporter who specialized in the Post Office.

The Postal Service’s electric mail trucks are way behind schedule

Defense contractor Oshkosh had only delivered 93 trucks by November — compared to 3,000 originally expected by now. The delays put Biden’s climate goals at risk.

by Jacob Bogage | Thursday, December 12, 2024 | 6:00 AM EST

A multibillion-dollar program to buy electric vehicles for the U.S. Postal Service is far behind its original schedule, plagued by manufacturing mishaps and supplier infighting that threaten a cornerstone of outgoing President Joe Biden’s fight against climate change. Continue reading →

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The Democrats say we need more affordable housing, but look what has happened when they were in charge of it

Jim McGovern is the United States Representative from the Second Congressional District in Massachusetts. After being in the House of Representatives since 1997 — that’s 14 terms! — he tweeted:

I’m on the floor talking about how we need to cut grocery prices, lower people’s mortgage and rent costs, and make it easier for folks to get ahead.

The Distinguished Gentleman from Massachusetts was whining that people’s grocery bills are too high, and that mortgages and rents are too high, and need to be brought down. And yes, those are issues on which former and future President Donald Trump, and the majority of Republican congressional candidates ran, but the point is obvious: those costs skyrocketed right after President Joe Biden took office, taking office with Democratic majorities in both Houses of Congress, though the GOP won a bare majority in the 2022 elections, the Republicans winning largely on the high inflation during Mr Biden’s first two years, inflation which drove those grocery and housing prices so high.

Why, it’s almost as though the Democrats’ policies didn’t work.

“Affordable housing” has been the Democrats’ theme of late, but that raises an obvious point: what is “affordable housing” like in cities run by the Democrats? From The Philadelphia Inquirer:

The death of Jah’Nae Campbell underscores the lax oversight of Philadelphia’s low-income rental housing | Editorial

As repeated complaints went unheeded, the 12-year-old’s family blames substandard living conditions inside their West Philly affordable housing complex for her death.

Continue reading →

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John Podesta makes commitments for our government that President Trump will not keep

Yeah, this might not work out!

Conservatives actually love John Podesta. Thanks to his lax computer security, Julian Assange of WikiLeaks was able to hack into many of 2016 Democratic presidential nominee Hillary Clinton’s e-mails, the exposure of which helped her to her strong second-place finish in that election. Mr Podesta helped, in his own inimitable way, to elect Donald Trump!

Cop29: wealthy countries agree to raise climate finance offer to $300bn a year

EU and nations including the UK, US and Australia indicate they will make the increase in exchange for changes to a draft text, sources say

Adam Morton, Fiona Harvey, Patrick Greenfield and Dharna Noor in Baku and Damian Carrington | Saturday, November 23, 2024 | 2:45 AM EST

Major rich countries at UN climate talks in Azerbaijan have agreed to lift a global financial offer to help developing nations tackle the climate crisis to $300bn a year, as ministers met through the night in a bid to salvage a deal.

The Guardian understands the Azeri hosts brokered a lengthy closed-door meeting with a small group of ministers and delegation heads, including China, the EU, Saudi Arabia, Brazil, the UK, US and Australia, on key areas of dispute on climate finance and the transition away from fossil fuels. Continue reading →

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Are you going to Scarborough Fair? Parsley, sage, rosemary, and hate!

It is entirely possible that I have been, believe it or not, too charitable to our friends on the left. In my recent article, Will Bunch uses his Freedom of Speech and of the Press to tell us that he hates Freedom of Speech and of the Press, I mocked The Philadelphia Inquirer’s far-left columnist Will Bunch for his tirade against MSNBC’s (supposed) journalists, Joe and Mike Scarborough for having gone to Mar-a-Lago and meeting with former and future President Donald Trump. Mr Bunch told his readers about the brave “journalists left who do plan, in a moment of increased risk, to keep asking the tough questions in this muddled new era,” but trashes two (purported) journalists who have gone to cover a story about the next President of the United States as somehow “supplicants,” showing fealty and making obeisance to him. Uhhh, you can’t “keep asking the tough questions” to Mr Trump if you are unwilling to talk to him in the first place.

I would have thought that a journolist, oops, sorry, journalist like Mr Bunch would appreciate freedom of the press and the willingness of journalists to go into hostile territory, to get their stories, to report the news, even from people who didn’t like or respect them. Continue reading →

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Let them eat cake!

This site noted, two days after the election, that the college-educated elites who supported Kamala Harris Emhoff just couldn’t understand how a majority of Americans didn’t just love her to death and cast the vast majority of their votes for her. We pointed out on Friday that working class voters along the Mexican border in Texas were casting their votes for Donald Trump because the economy that the Democrats told us was so very great wasn’t so great for them.

The following article from The Philadelphia Inquirer wasn’t about the election at all, but it seems to me that it says a lot about it:

$500 hair appointments are becoming the norm as the cost of cuts and colors rise

The increased costs of color and other products, as well as the greater complexity of trending hairstyles, have led many salon owners to raise their prices over the past five years.

Continue reading →

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That this has led to fraud is no surprise at all!

My good friend and occasional blog pinch-hitter, William Teach of The Pirate’s Cove, has an article this Friday morning on the Biden Administration prosecuting a major ‘carbon offset’ sales company for fraud:

C-Quest Capital LLC Chief Executive Officer Kenneth Newcombe, who stepped down as CEO in February, was indicted Wednesday in New York on wire fraud and commodities fraud charges. He faces up to 20 years in prison if convicted on the most serious charges.

C-Quest develops emission-reduction projects to earn carbon credits that can then be sold to companies or other entities that wish to offset their own emissions. Newcombe, a onetime Goldman Sachs Group Inc. managing director and World Bank official, founded C-Quest in 2008.

You can read the rest on Mr Teach’s fine site.

But this one speaks to me, due to my experience. It was 2003, and carbon offset salesmen came and made a presentation to the concrete company at which I worked. Ready-mixed concrete producers use pozzolans, materials which are not cementitious alone but when mixed with Portland cement during the production of concrete utilize the excess calcium hydroxide liberated to become cementitious. We use them because they are less expensive than cement. The two most frequently used are flyash, which is harvested from the ignition byproducts of burning coal in power plants, and ground granulated blast furnace slag, the material left over from the smelting of iron ore.

The manufacture of Portland cement is a major carbon dioxide (CO2) emitter, so by the partial substitution of flyash, ready-mix companies reduce their carbon footprint. The salesmen told us that we could gain carbon credits every time we used flyash instead of cement, and that we could sell those carbon credits to other companies, to make it look like they were doing something to help fight global warming climate change, but, since it wouldn’t have changed how we did business since we were already using flyash — other than requiring some bookkeeping — it wouldn’t have reduced CO2 emissions at all! It was simply a way to take money, taking it from one CO2 emitter and giving it to a company which emitted less CO2; virtue signaling for the first, without having to actually spend significantly more money to reduce their emissions, and extra money for us, for doing what was already in our own economic interest.

Is anyone really surprised that fraud would be involved? When it comes to global warming climate change, the scammers and fraudsters will always be buzzing around.

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Democrats talk a good game, but when they have had the power, their policies have not worked! 3½ years of President Biden have produced record homelessness

Philadelphia’s last Republican Mayor, Bernard Samuel, left office on January 7, 1952, when Harry Truman was still President of the United States, and George VI was still King of England. In the 21½ years since January 3, 2003, Republicans have been Governors of Pennsylvania for just four years, with Tom Corbett leaving office on January 20, 2015. And since January 20, 2009, a Republican has held the White House for only four years. So, if homelessness is rising in the City of Brotherly Love, it isn’t exactly the GOP’s fault.

Homelessness in Philadelphia increases for third consecutive year

The number of homeless Philadelphians exceeded 5,000 for the first time since 2020.

by Layla A. Jones | Monday, September 23, 2024 | 3:09 PM EDT

The number of homeless Philadelphians increased for the third consecutive year, according to the annual point-in-time homelessness count conducted by the Office of Homeless Services.

The count was conducted in January and includes unsheltered people and those living in emergency shelters, safe haven and transitional housing. In 2024, the total number of homeless people reached 5,191, up from 4,725 the previous year — a 10% increase.

Mandated by the federal Department of Housing and Urban Development, the annual point-in-time count is a snapshot of homelessness on one day in January.

Philadelphia’s count calls on volunteers, armed with clipboards, socks, and gloves, to spread across the city interviewing and cataloging people who are homeless.

How is it, if Democratic Party policies work, that homelessness is increasing in Philly? The Keystone State has had Democrats as Governors, and the city is a one-party, Democratic town. Mr Biden won Pennsylvania by 80,555 votes in 2020, 3,458,229 (50.01%) to 3,377674 (48.84%), but only because he carried Philadelphia 603,790 (81.44%) to 132,740 (17.90%), a margin of 471,050 votes. That’s how Democratic Philadelphia is![1]Without Philly, President Trump would have carried the Keystone State 3,244,935 (52.56%) to 2,854,439 (46.23%). Whatever the Democrats wanted to do in Philadelphia, they had the votes and the officeholders to do.

High – but declining – poverty, the opioid epidemic and a lack of affordable housing are to blame for the rising numbers of unsheltered people, according to a summary of the city’s winter count.

“Poverty remains a factor, irrespective of poverty trends/trajectories,” said Sherylle Linton Jones, spokesperson for the Office of Homeless Services.

More than 20% of homeless people had either been evicted or displaced for another reason in the preceding 90 days, showing how impactful an issue affordable housing is in Philadelphia.

If poverty is declining, why would homelessness increase?

The drug crisis is certainly a factor, as former Mayor Jim Kenney concentrated on hugely important things, like an additional tax on Big Gulps from Seven/Eleven, but, other than that, had pretty much checked out of doing his job, and the Kensington section of the city had become not just a local laughing stock, but a nationally and even internationally known drug wasteland.

Let’s tell the truth here: Democrats talk a good game, but when they have power, their policies have not worked!

Philadelphia’s rising homelessness comes after the office overspent its budget by almost $15 million, pressured by a mandate to keep people sheltered.

The Democrats tell you that they are going to do something, but even with having overspent their budgets, they don’t get the job done!

Philadelphia’s numbers are in lockstep with a nationwide trend of rising homelessness. In 2023, homelessness grew 12% to the highest level ever recorded. More than an estimated 650,000 people are homeless in the United States, the largest number since the country started tracking the annual point-in-time survey in 2007. The rising homelessness crisis led the conservative-leaning Supreme Court to rule that municipalities could ban sleeping in public places, effectively outlawing unsheltered homelessness.

It hasn’t been just Philly. Under President Joe Biden, and the Administration’s oh-so-sympathetic attitude, homelessness nationwide has still soared to record levels. Vice President Kamala Harris Emhoff has been telling us that she’s going to solve the problem by building 3,000,000 new, ‘affordable’ homes, but whatever her ideas to do that are, she never presented it or persuaded President Biden to do it. Once again, the Democrats are talking a big game, but they’ll fail miserably.

Mrs Emhoff is, as the Democrats always say they are, big on labor unions, but if her ‘plan’ includes pushing union labor on building those three million new homes, then she will have automatically made them more expensive, and less ‘affordable.’

Millions of people will vote Democratic this November, but those people will be voting for promises that cannot and will not be kept.

References

References
↑1 Without Philly, President Trump would have carried the Keystone State 3,244,935 (52.56%) to 2,854,439 (46.23%).
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Passenger rail in France

I see a lot of stuff on Twitter — I absolutely refuse to call it 𝕏 — from advocates of a high-speed passenger rail service in the United States. My position is simple: if one of the private railroad companies wishes to build that high-speed passenger railroad, I absolutely support their right to spend their own money to do so. But the federal and state governments should stay out of it.

A lady — or so I judge her to be by her Twitter bio pic — styling herself “Hunter” from the United Kingdom posted the tweet to the left concerning a proposal for high speed rail (HSR) service in the United States, and I thought that I should document my experiences with HSR in France.

It was Saturday, September 7th, when we took the train from Toulouse to Ville de Nice. The travel time is 7 hours and 31 minutes on average, more than twice as long as flying. Driving distance is 560.6 kilometers, or 348.3 miles.

How fast does the train run? At the points in which the rail line ran parallel with the highway, I could see that the train was moving faster than the cars on the road, and French highways have speed limits of 110 KPH (68.35 MPH) or 130 KPH (80.78 MPH), but I cannot say for certain what the speed limits were on the roads I saw. Doing the math, covering 560 kilometers in 7½ hours gives an average speed of 74.67 KPH, no faster than driving. In driving, you have your vehicle door-to-door, and are not left station-to-station.

The reason is obvious: like “Hunter’s” map above, the train between Toulouse and Ville de Nice had several stops along the route. I didn’t actually count them, but it seemed to have been around eight stops.

We took a HSR train from Firenze (Florence) to Venezia (Venice) in July of 2016. Unlike the train in France, which had older cars, the one in Italy was new, and had a speed indicator in the passenger cars. The highest I remember seeing was 225 KPH (139.81 MPH), which is a pretty good clip, but that train as well had stops along the route.

The HSR advocates are nice enough people, but let’s tell the truth here: they are all urbanites, with the concerns and cultures of densely populated urban areas. That the United States is physically different from Europe doesn’t seem to make much of an impact on their thinking, but we have vast, vast areas of land with very few people in it. Population densities west of the Mississippi River drop off dramatically until you get to the left coast, and even east of our great river, densities are not that high until you get close to the east coast. Here in the Bluegrass State, our third largest city, Bowling Green, has a population far below 100,000, estimated to be 76,212 in 2023. Eastern Kentucky, in the Appalachian Mountains, is populated by small farms and tiny towns. The high speed rail systems the advocate want, the systems they liked in Europe, are mostly inappropriate for a country which is as spread out as the United States.